Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria - 2023
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (FOB) - 2022
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (CIF) - 2022
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (FOB) - 2022
In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $1,248 per ton, increasing by 98% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 354%. As a result, the export price attained the peak level of $2,902 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2015 to 2022, the rate of growth in terms of prices for Ghana amounted to +13.0% per year.
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (CIF) - 2022
The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $18,389 per ton in 2022, surging by 45% against the previous year. In general, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of 81% against the previous year. The import price peaked at $35,879 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($39,259 per ton), while the price for the UK ($12,089 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+91.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
For the third year in a row, Nigeria recorded decline in overseas shipments of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, which decreased by -13.3% to 21 tons in 2022. Overall, exports continue to indicate a abrupt shrinkage. The smallest decline of -1% was in 2021.
In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses soared to $27K in 2022. In general, exports, however, showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 11.7 | 13.4 | 14.2 | 26.5 | 31.3% |
| Niger | 0.5 | N/A | N/A | N/A | 0% |
| Ghana | 0.2 | N/A | 1.4 | N/A | 164.6% |
| Others | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Total | 12.4 | 13.5 | 15.6 | 26.8 | 29.3% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from Nigeria in 2022:
- Democratic Republic of the Congo (21.5 tons)
Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
In 2022, supplies from abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -78% to 760 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 459%. As a result, imports attained the peak of 57 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses fell dramatically to $14K in 2022. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 209% against the previous year. As a result, imports attained the peak of $598K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 16.6 | 10.1 | 5.8 | 86.1% |
| United Kingdom | 2.5 | 268 | 4.5 | 5.3 | 28.5% |
| China | N/A | 19.5 | N/A | 2.7 | -62.8% |
| Hong Kong SAR | N/A | 30.7 | N/A | N/A | 0% |
| Spain | N/A | 6.4 | 16.7 | N/A | 160.9% |
| Germany | 178 | 47.4 | 9.0 | N/A | -77.5% |
| Vietnam | N/A | 121 | N/A | N/A | 0% |
| Turkey | N/A | 41.4 | N/A | N/A | 0% |
| Others | 12.2 | 46.7 | 3.5 | 0.2 | -74.6% |
| Total | 193 | 598 | 43.8 | 14.0 | -58.3% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to Nigeria in 2022:
- United Kingdom (440.0 kg)
- China (172.0 kg)
- United States (147.0 kg)
1120
This report provides an in-depth analysis of the essential oils market in Nigeria.
364
This report provides an in-depth analysis of the resinoids market in Nigeria.
1077
This report provides an in-depth analysis of the global essential oils market.
609
This report provides an in-depth analysis of the global resinoids market.
1120
This report provides an in-depth analysis of the essential oils market in Nigeria.
364
This report provides an in-depth analysis of the resinoids market in Nigeria.
1077
This report provides an in-depth analysis of the global essential oils market.
609
This report provides an in-depth analysis of the global resinoids market.
440
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1546
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6575
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
440
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1546
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6575
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
